X company manufactures a single product and estimates its

Assignment Help Accounting Basics
Reference no: EM13576675

X Company manufactures a single product and estimates its direct manufacturing costs each month. It is estimated that each unit of product requires 1.8 pounds of direct material, and the price per pound is $12.00. It is estimated to take 27 minutes of direct labor time to manufacture a unit of product. Direct labor employees are hired on an hourly basis and paid $16.80 per hour. If production in December is expected to be 1,040 units, what are estimated direct manufacturing costs? please have specific steps

Reference no: EM13576675

Questions Cloud

If maintenance hours in october are expected to be 3000 : x company uses the high-low method to predict maintenance costs each month with maintenance hours as the activity
In 2013 x companys revenue was 206100 its total variable : in 2013 x companys revenue was 206100 its total variable costs were 121050 and its fixed costs were 91300. assume that
Lichty car wash has some equipment that needs to be rebuilt : lichty car wash has some equipment that needs to be rebuilt or replaced. the following information has been gathered
Weaver companys predetermined overhead rate is 2000 per : weaver companys predetermined overhead rate is 20.00 per direct labor-hour and its direct labor wage rate is 13.00 per
X company manufactures a single product and estimates its : x company manufactures a single product and estimates its direct manufacturing costs each month. it is estimated that
Business organizations own various types of assets and have : business organizations own various types of assets and have various types of liabilities and my even have various
In 2013 x companys profits were 150000 in 2014 the selling : in 2013 x companys profits were 150000. in 2014 the selling price is expected to be 44.3 the variable cost per unit is
Prepare a schedule of cost of goods manufactured for the : the pacific manufacturing company operates a job-order costing system and applies overhead cost to jobs on the basis of
Misty owns stock in violet inc for which her adjusted basis : misty owns stock in violet inc. for which her adjusted basis is 75000. she receives a cash distribution of 52000 from

Reviews

Write a Review

Accounting Basics Questions & Answers

  Per unit percent of sales selling price 170 100 variable

per unit percent of sales selling price 170 100 variable expenses 85 50 contribution margin 85 50 the company is

  Robert purchased and plaed in service 100000 of seven-year

robert purchased and plaed in service 100000 of seven-year class assets on august 10 of the current year. he also

  Who cares about the income statement its just a bunch of

your pal comments i just ignore the income statement when im making an investment decision. all i care about is the

  Your nursing home defines output as a patient day its

your nursing home defines output as a patient day. its present volume is 26000 patient days. the average cost per day

  Difference between absorption and variable costing

What is the key difference between absorption and variable costing? Assuming identical companies (one using absorption costing and the other using variable costing) in their first year of operation, each having the same ending inventory balance, w..

  Dilts corporation sells three different models of mosquito

dilts corporation sells three different models of mosquito zapper. model a12 sells for 52 and has variable costs of 44.

  Lyle okeefe invests 30000 at 8 annual interest leaving the

lyle okeefe invests 30000 at 8 annual interest leaving the money invested without withdrawing any of the interest for 8

  When the liquidation commenced expenses of 20000 were

the partnership of marks norris smith and savannah has now operated for several years.nbspnbspnbsplast year marks and

  Result of partnership distribution

Hayden's outside basis in his interest in the HIGH Partnership is $420,000. In a proportionate nonliquidating distribution, the partnership distributes to him cash of $100,000, inventory

  The charges to work in process-baking department for a

the charges to work in process-baking department for a period as well as information concerning production are as

  The decision to keep an old machine or buy a new one the

which of the following decisions are sunk costs relevant? the decision to keep an old machine or buy a new one the

  Prepare the journal entries to record these transactions

Assume that Chevalier Co. paid the balance due to Paris Company on May 4 instead of April 15. Prepare the journal entry to record this payment.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd